I am unable to speculate on the outcome of the creditor protection process as the matter is the subject to the proceedings under the Companies' Creditor Arrangements Act. I can confirm that Strategic Oil & Gas is required to submit a revised closure and reclamation plan to the Mackenzie Valley Land and Water Board today for review and approval. During the review of that plan and upon its approval, financial security will be assessed to ensure that security held by the Government of the Northwest Territories is sufficient to cover the work required to remediate.
Wally Schumann on Question 837-18(3): Strategic Oil and Gas Ltd.
In the Legislative Assembly on August 20th, 2019. See this statement in context.
Question 837-18(3): Strategic Oil and Gas Ltd.
Oral Questions
August 20th, 2019
Page 6216
See context to find out what was said next.